Advocacy Wealth Management Services Lowers stake in CBIZ (CBZ)

CBIZ (CBZ) : Advocacy Wealth Management Services reduced its stake in CBIZ by 2.46% during the most recent quarter end. The investment management company now holds a total of 40,000 shares of CBIZ which is valued at $430,400 after selling 1,009 shares in CBIZ , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.CBIZ makes up approximately 0.21% of Advocacy Wealth Management Services’s portfolio.

Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co boosted its stake in CBZ in the latest quarter, The investment management firm added 64,056 additional shares and now holds a total of 210,345 shares of CBIZ which is valued at $2,284,347. CBIZ makes up approx 0.14% of Dalton Greiner Hartman Maher Co’s portfolio. Cutler Group Lp sold out all of its stake in CBZ during the most recent quarter. The investment firm sold 200 shares of CBZ which is valued $2,172. Bnp Paribas Arbitrage Sa added CBZ to its portfolio by purchasing 1,888 company shares during the most recent quarter which is valued at $19,937.

CBIZ closed down -0.1 points or -0.92% at $10.76 with 1,65,460 shares getting traded on Monday. Post opening the session at $10.89, the shares hit an intraday low of $10.7 and an intraday high of $10.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, CBIZ reported $0.41 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.41. The company had revenue of $224.20 million for the quarter, compared to analysts expectations of $224.54 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on CBIZ. CBIZ was Initiated by Sidoti to “Buy” on Jul 19, 2016.

CBIZ Inc. is engaged in providing professional business services products and solutions to businesses of various sizes as well as individuals Governmental entities and not-for-profit enterprises throughout the United States and parts of Canada. CBIZ delivers its integrated services through its three practice groups: Financial Services National Practices and Employee Services. The Financial Services practice group offers various services including accounting tax Government health care consulting financial advisory valuation litigation support risk advisory services and others. The Employee Services practice group offers employee benefits consulting and brokerage property and casualty brokerage and retirement plan advisory services among others. The National Practices group offers technology and health care consulting services.

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